Timothy Salm & Richard Parrillo Sell Chicago Mansion Under Contract For $23.5M

The property at 1932 North Burling Street in Chicago has been put under contract. This single-family home sits on 0.6 acres, with a square footage of 25,000 and a price of $23,500,000.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $23,500,000
• City: Chicago
• Size: 0.6 acres
• Seller: Michaela Parrillo; Richard Parrillo - United Automobile Insurance Company
• Broker: Timothy Salm - Jameson Sotheby's International Realty

The home, listed as Chicago's most expensive home at $50M, has undergone multiple price cuts over its eight-year listing period. As it stands under contract at $23.5M, the deal could result in a significant loss for the owners.